Monday, August 8, 2022

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foodpanda, Agribank unite to support partner riders with affordable motorcycle financing

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From left, AgriBank Credit Head Jeffrey Jaramillo, AgriBank Marketing Head Ruchell Salas, AgriBank  Loans & Asset Management Head Marc Lawrence Fernandez-, foodpanda Operations Director Patricia Jacinto, foodpanda Senior Operations Manager Ron Sanders and Agribank Credit Enhancement Head Nina Lagroma

As more and more people embrace online food delivery services, supporting the gig economy players in this thriving sector becomes even more relevant. To help address the needs of its partner riders, leading online q-commerce platform foodpanda recently formed a partnership with Agribank, one of the country’s leading rural banking institutions, to provide accessible and flexible motorcycle loan options for their partner rider fleet. 

Through this joint venture, Ka-Panda partner riders can now avail motorcycle units from a wide range of motorcycle brands and enjoy low monthly installments with exclusive discounts. Additionally, riders can easily apply for the motorcycle loan through AgriBank’s online portal without going through a tedious manual process.

“The collaboration is definitely one that will elevate the game in the country’s gig economy,” said Patricia Jacinto, Operations Director of foodpanda Philippines. “For us at foodpanda, we want to be known not just as a delivery platform that provides livelihood opportunities to Filipinos, but also one that puts the welfare of its partner riders as a priority –  such as offering competitive benefits to them.” 

“We are glad to be working with foodpanda in this project that will benefit and create an impact in improving the lives of their riders,” Agribank’s President Danny Boy Antonio said. “We have also made our deposit products available to these partner riders as part of our advocacy to serve the unbanked market so they can place their hard-earned money in a Savings Account that will help them advance their financial goals in the future.” 

Sharing AgriBank’s goal of financial inclusion for all, Jacinto explained that “with this program, [riders] no longer need to show a paystub or go through a stringent process, which is often the case when applying for a motorcycle loan.”

Antonio also shared that they are looking forward to embarking on more activities with foodpanda which they can work on together moving forward. 

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